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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail properties & Spaces
112 Florence Ave, Los Angeles, CA 90003-2118
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8397601
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1969
Construction
TILT-UP CONCRETE
Total area
2,807 SF
Lot
0.14 ac (5,998 SF)
Zoning code
LAC2
APN
6022-001-011
UPID
US09-8397601
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Stars CLEANERS (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$650k
Owner & transaction history
Fariborze Anaraky · 4 yrs held
Fariborze Anaraky
since 2021
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$1,010,000
Current use
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$232 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,988
Tax year 2024
Assessed value
$536,026
Assessed 2024
Previous assessed
$536,026
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$338,540
Assessed improvement
$197,486
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
2,807 SF
Lot
0.14 ac (5,998 SF)
Zoning code
LAC2
APN
6022-001-011
UPID
US09-8397601
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$1.0M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Fariborze Anaraky
Individual
Free & Clear · 4 yrs held
Mailing address
2000 ARLINGTON AVE APT #502, LOS ANGELES, CA 90018-1433
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2021
—
Fariborze Anaraky
Emad Tabatabai
Grant Deed
—
May 1, 2020
—
Anaraky Family Trust
Fariborze Anaraki
Quit Claim Deed
related
—
Apr 20, 2016
$350,000
Emad Tabatabai
Sloan Edward A & M J Trust
Grant Deed
—
Sep 28, 2015
—
Robert G Fernandez
Meraz,jorge E
Quit Claim Deed
—
May 29, 2014
$485,000
Sloan,edward A & M J Trust
California Td Specialists
Trustees Deed
related
—
Apr 25, 2014
—
Juana V Torres
Torres,juana V
Quit Claim Deed
related
—
Jan 30, 2014
—
Mary J Sloan
Sloan,edward A
Affidavit Of Death
related
—
Jan 22, 2014
—
Jorge E Meraz
Meraz,jorge E
Quit Claim Deed
related
—
Jan 6, 2014
—
Juana V Torres
Del Fernandez LLC
Quit Claim Deed
related
—
Oct 23, 2013
—
Jorge E Meraz
Meraz,irma A P
Quit Claim Deed
related
—
Apr 8, 2013
—
Irma A P Meraz
Del Fernandez LLC Investments
Grant Deed
—
Aug 10, 2012
—
Del Fernandeze LLC Investments
Fernandez,robert G
Quit Claim Deed
related
—
Jun 6, 2012
$52,890
Robert G Fernandez
Meraz Irma & Fernandez Robert
Trustees Deed
related
—
Feb 26, 2010
—
Irma Meraz
—
Trustees Deed
related
$50,000 · Robert G Fernandez
Jan 9, 2008
$600,000
Juana V Torrez
Sloan E A & M J Trust
Grant Deed
$510,000 · Sloan Edward A & M J Trust
Dec 22, 1992
—
Sloan Edward A
—
Deed Of Trust
related
—
—
—
Edward A Sloan
—
Deed Of Trust
related
$12,500 · Robert G Fernandez
—
—
Irma P Meraz
—
Deed Of Trust
related
$400,000 · James Fernandez
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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